AIR BRAKE ENGINEERING SYSTEMS
ActiveAIR BRAKE ENGINEERING SYSTEMS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €-14k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 13% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▼-8
Solvency28▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.24 against 1.26 in 2024; short-term debt: 79.3% and cash: 5.7% of total assets), and 97.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7993 sector peers (2025).
NBB · sector comparisonPosition among 7993 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
42 d early
2023
23 d early
2022
31 d late
2021
33 d early
2020
18 d late
2019
72 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€21k▼ 39.1%
2024 · €35k
2018: €29k
2019: €33k
2020: €37k
2021: €40k
2022: €45k
2023: €34k
2024: €35k
2018 → 2025
Total assets
€836k▼ 1.9%
2024 · €852k
2018: €893k
2019: €844k
2020: €756k
2021: €768k
2022: €723k
2023: €821k
2024: €852k
2018 → 2025
Net result
€-14k
2024 · €988
2018: €2k
2019: €4k
2020: €5k
2021: €3k
2022: €5k
2023: €-11k
2024: €988
2018 → 2025
Working capital
€161k▼ 5.0%
2024 · €170k
2018: €20k
2019: €30k
2020: €181k
2021: €186k
2022: €194k
2023: €178k
2024: €170k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€45k▲ 12.4%€34k▼ 24.8%€35k▲ 2.9%€21k▼ 39.1%
Operating result€-5k-€14k€6k▼ 54.0%€9k▲ 38.3%€-12k
Net result€3k-€5k▲ 61.9%€-11k€988€-14k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €836k
Fixed assets
€11k▼ 32.2%
Current assets
€825k▼ 1.3%
Equity and liabilities €836k
Equity
€21k▼ 39.1%
Provisions
€1k▼ 10.4%
Debt
€813k▼ 0.3%
The debt ratio rises from 95.7% to 97.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2024 · €14k
Cash flow
€-7k▼
2024 · €6k
Solvency
2.6%▼
2024 · 4.1%
Current ratio
1.24▼
2024 · 1.26
Quick ratio
0.59▼
2024 · 0.60
Debt / equity
38.10▲
2024 · 23.30
ROE
-64.1%▼
2024 · 2.8%
ROA
-1.6%▼
2024 · 0.1%
Interest coverage
-1.00▼
2024 · 0.71
Debt
€813k▼
2024 · €816k
Debt ≤ 1 year
€663k▼
2024 · €666k
Debt > 1 year
€150k=
2024 · €150k
Income taxes
€159▼
2024 · €351
Staff costs
€45k▼
2024 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€852k€836k▼
Fixed assets21/28€16k€11k▼
Intangible fixed assets21€7k€5k▼
Tangible fixed assets22/27€10k€6k▼
Plant, machinery and equipment23€628€0▼
Furniture and vehicles24€9k€6k▼
Current assets29/58€836k€825k▼
Stocks and contracts in progress3€437k€436k▼
Stocks30/36€437k€436k▼
Amounts receivable within one year40/41€359k€333k▼
Trade receivables40€242k€213k▼
Other amounts receivable41€117k€120k▲
Cash at bank and in hand54/58€32k€48k▲
Deferred charges and accrued income490/1€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€852k€836k▼
Equity10/15€35k€21k▼
Contributions10/11€19k€19k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-3k€-16k▼
Provisions and deferred taxes16€1k€1k▼
Provisions for liabilities and charges160/5€1k€1k▼
Other liabilities and charges164/5€1k€1k▼
Amounts payable17/49€816k€813k▼
Amounts payable after more than one year17€150k€150k=
Financial debts170/4€150k€150k=
Amounts payable within one year42/48€666k€663k▼
Current portion of amounts payable after more than one year42€75k€75k=
Trade debts44€110k€163k▲
Suppliers440/4€110k€163k▲
Taxes, remuneration and social security45€20k€13k▼
Taxes450/3€11k€7k▼
Remuneration and social security454/9€9k€6k▼
Other amounts payable47/48€462k€413k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€85k€45k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€0▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€33€-144▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€102k€40k▼
Operating profit (loss)9901€9k€-12k▼
Financial income75/76B€13k€5k▼
Recurring financial income75€13k€5k▼
Financial charges65/66B€20k€6k▼
Recurring financial charges65€20k€6k▼
Profit (loss) for the period before taxes9903€1k€-14k▼
Income taxes67/77€351€159▼
Profit (loss) for the period9904€988€-14k▼
Profit (loss) for the period to be appropriated9905€988€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-16k▼
Profit (loss) brought forward from the previous period14P€-4k€-3k▲
Social balance
Average headcount (FTE)90871.41.0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-14k ▼1484%
Net result drops to €-14k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €988
Net result €988 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €5k ▲61.9%
Operating result €14k, net result €5k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lier · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ondernemersstraat 32500 LierGround area
5,001 m²
Building footprint
1,011 m²
Volume, LiDAR
5,889 m³
Parcel 12392A0524/00F003, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FUEL SAVE
since 20052.150.141.887
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0524/00F003 | Flanders | 5,001 m² | 1 · 1,011 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,458 EUR awarded · 1,458 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,458 EUR | 1,458 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ACG COMPANY
BE 0682.428.652
Awans · Eq €21k
DSG BUSINESS
BE 0463.400.276
Ukkel · Eq €21k
ABASE
BE 0424.852.278
Ukkel · Eq €21k
BUILDING IMMO
BE 0890.331.821
Kortrijk · Eq €21k
CAPITALIZE
BE 0740.800.975
Dilbeek · Eq €22k
Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 1,177 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2005
Fiscal year end31-12
Abbreviation NL
ABES
Activities, NACEBEL
45310
46180Agents specialised in the wholesale of other particular products
46720Wholesale of motor vehicle parts and accessories
51180
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.